Two modern student apartments with direct streetcar connection in the center of Eberstadt

Perfect investment in a central location in Eberstadt. The two one-room apartments, each with 23.75 sqm, are located on the first floor of a building with exclusively student apartments (51 apartments in total) and are directly next to each other.

The apartments are furnished and permanently let. A housing association is responsible for letting the apartments, so there is no work involved. The income can be used to finance the apartments.

The apartments have a large window front to the side, which also has a small terrace in front of it. Each apartment has a fiber optic connection.

This includes shares in the communal areas and the surrounding land. Our children loved living and studying here.

The building and the apartments are heated very cheaply with district heating.

Here is an overview of the income and costs:

Apartment 2: basic rent of 460€ + 100€ operating costs
Apartment 3: basic rent of €450 + €94 operating costs
The different rents and operating costs are the result of staggered rentals. Depending on the year and time of year, the manager decides how much the apartment is rented for. Everything is contractually regulated and you are asked beforehand whether you agree.

We pay an advance of €168 per apartment per month towards the house rent and reserves. This money is offset at the end of the year and so far between €300 and €400 has been repaid per apartment per year.

Proimmobilia charges €35.70 per month per apartment for special services (rental contract management, rental accounting, letting services, maintenance). This is the all-round carefree package and can also be adjusted/reduced)
A change of tenant costs a one-off fee of €690, for which the owner has zero effort. As a rule, students stay in the apartment for 3-6 years.

The maintenance reserve per apartment is approx. 570€ at the end of 2023. Unfortunately, the settlements always take a very long time.

The property tax per apartment is €130 per year.

According to my calculations, this leaves a net income of around €650-700 at the end of the month.
Of course, you can deduct the costs from your taxes or use them for financing.

If you are interested, I can also send you the statements from the end of 2023.

The apartment complex is located in the center of Eberstadt and has a streetcar stop right outside the door. Students can reach the university in just a few minutes by streetcar. All necessary stores are within walking distance.